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Business Productivity Software Market to Grow by USD 119.4 Billion from 2025-2029, Driven by Large-Scale Business Portfolio Needs and AI-Redefined Landscape – Technavio

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NEW YORK, Jan. 13, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global business productivity software market size is estimated to grow by USD 119.4 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 17.6% during the forecast period. Increasing requirements for large-scale business portfolio management is driving market growth, with a trend towards automatic updating and enhancing coherency in business operations. However, cybersecurity-related threats risk associated with business productivity software solutions poses a challenge. Key market players include Adobe Inc., Alphabet Inc., Amazon.com Inc., Asana Inc., Atlassian Corp Plc, Bending Spoons S.p.A., Broadcom Inc., Cisco Systems Inc., Dropbox Inc., Expensify Inc, International Business Machines Corp., Microsoft Corp, monday.com Ltd., Oracle Corp, Salesforce Inc., SAP SE, Smartsheet Inc., TIBCO Software Inc., Toggl, and Zoho Corp. Pvt. Ltd..

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Business Productivity Software Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 17.6%

Market growth 2025-2029

USD 119.4 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

15.2

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, UK, China, Canada, Germany, France, Japan, Brazil, India, and Saudi Arabia

Key companies profiled

Adobe Inc., Alphabet Inc., Amazon.com Inc., Asana Inc., Atlassian Corp Plc, Bending Spoons S.p.A., Broadcom Inc., Cisco Systems Inc., Dropbox Inc., Expensify Inc, International Business Machines Corp., Microsoft Corp, monday.com Ltd., Oracle Corp, Salesforce Inc., SAP SE, Smartsheet Inc., TIBCO Software Inc., Toggl, and Zoho Corp. Pvt. Ltd.

Market Driver

Business productivity software is a vital toolset for organizations seeking to streamline operations, optimize resource utilization, and enhance employee performance. Trends in this market include completion times and productivity management, integration capabilities with communication platforms, workflow automation, and knowledge sharing. Cloud-based solutions offer flexibility and scalability, enabling access from laptops, tablets, and smartphones. AI and machine learning are integral, providing automation, decision-making support, and project updates. Key features include task tracking, communication channels, document collaboration tools, and data analytics. Data security is paramount, with encryption, access control, and intrusion detection software essential. Integration with ERP, CRM, and other business functions is crucial for operational efficiency and customer satisfaction. Cost-effective deployment models, such as subscription-based services, are popular. Hybrid work environments demand mobile capability and cybersecurity. Overall, business productivity software empowers organizations to turnaround projects faster, improve employee productivity, and make informed decisions based on real-time data. 

Business productivity management involves creating and updating project schedules, a time-consuming and frustrating task for project managers, engineers, and analysts. Intelligent project portfolio management scheduling tools integrated into business operating systems streamline this process. These tools prompt users to perform essential tasks and refer to a predefined process library for optimal output. If a process output is missing, the tool prompts a message to create it. Additionally, the tool checks for necessary skills and resources required to complete tasks, ensuring productivity and efficiency. 

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Market Challenges

Business productivity software is essential for managing completion times, optimizing employee productivity, and streamlining operations in today’s fast-paced business environment. However, selecting the right software comes with challenges such as integration capabilities with communication platforms, workflow tools, and document collaboration systems. Additionally, data silos can hinder business efficiency, making it crucial to choose cloud-based solutions with data analytics capabilities. Employees working remotely require mobile access to productivity software, making cloud-based services a popular choice. However, data security is paramount, so encryption, access control, and intrusion detection software are necessary. Communication channels, task tracking, and project planning are also essential features for business productivity. AI and automation can help optimize resource utilization, reduce turnaround times, and improve decision-making. ERP systems and business intelligence tools can provide valuable insights into project progress and employee performance. Subscription-based models offer cost-effectiveness, while on-premises solutions offer data security and control. Hybrid work environments require mobile capability, with laptops, tablets, and smartphones supporting productivity software. Collaboration tools and document management systems enable knowledge sharing and error reduction. Cloud technology and cyber threats require security measures, while scheduling software and telecommunications tools ensure effective project planning and customer satisfaction.Businesses prioritize data security in their use of productivity software, particularly in the context of cloud models like OpenStack. Man-in-the-middle (MiTM) attacks pose a threat to the object storage component of these applications. To mitigate risks, enterprises require advanced security features. A major concern is the lack of verification of certification authority (CA) credentials during SSL connections. With increasing data storage on cloud platforms, security becomes even more critical to prevent hacking and malware infections. Organizations demand security solutions to safeguard their productivity software investments.

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Segment Overview

This business productivity software market report extensively covers market segmentation by

Deployment 1.1 Cloud1.2 On-premisesEnd-user 2.1 Large enterprise2.2 SMEsGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Cloud- The business productivity software market has experienced a strong demand for cloud-based solutions due to their cost-efficiency and scalability. Cloud-based software eliminates the need for businesses to invest in costly hardware, infrastructure, and maintenance. This model is accessible to businesses of all sizes, including startups and small businesses. Cloud-based solutions offer easy scalability, allowing businesses to adjust their software usage as their needs change without significant upfront investments. Providers of cloud-based business management software, such as Microsoft and Google, frequently roll out updates and security patches, ensuring businesses have access to the latest features and security enhancements without the hassle of manual upgrades. Microsoft 365, a leading example of cloud-based productivity software, offers real-time collaboration, access to files from multiple devices, and automatic updates. Google Workspace, another prominent player, is popular for its collaborative features and cloud-based storage. The demand for cloud-based business productivity software is expected to continue growing as businesses increasingly rely on technology to streamline operations and remain competitive. This trend will positively impact the growth of the cloud segment of the business productivity software market during the forecast period.

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Research Analysis

The Business Productivity Software market is experiencing significant growth due to the increasing need for digital transformation, agile methodology, and change management in businesses of all sizes. Cloud computing plays a crucial role in enabling remote work solutions, HR technology, and enterprise resource planning. Lean management and business process automation help improve work-life balance and performance management. Digital transformation brings about the need for data-driven decision making, business intelligence, and data analytics tools. Industry-specific Business Process Services (BPS) cater to unique business functions, while data governance ensures data security and compliance with regulations. Disaster recovery, risk management, and cybersecurity solutions protect against potential threats. Hybrid cloud and IT infrastructure management provide flexibility and scalability. Data storage and data visualization tools help make sense of large data sets. Cloud migration and enterprise mobility enable a mobile workforce. Business continuity planning and project management tools keep operations running smoothly. Time tracking software and performance management solutions help optimize productivity. Employee engagement and experience are essential for talent acquisition and retention. Compliance and regulations, process improvement, and digital transformation continue to shape the future of the Business Productivity Software market.

Market Research Overview

Business productivity software refers to applications designed to help organizations streamline operations, optimize resource utilization, and enhance employee productivity. These solutions offer various features such as task management, communication channels, workflow automation, knowledge sharing, and reporting. Integration capabilities with other business functions like customer relationship management (CRM), enterprise resource planning (ERP), and project planning are essential. Cloud-based productivity software enables hybrid work and remote access, making it flexible for employees working from home or on-the-go. Accessibility on laptops, tablets, and smartphones enhances mobility and productivity. Productivity management software facilitates data analytics, allowing businesses to make informed decisions based on key performance indicators (KPIs) like completion times, turnaround times, and project progress. AI and machine learning capabilities help automate repetitive tasks, reducing errors and improving operational efficiency. Cloud technology ensures scalability and cost-effectiveness, while data security features like encryption, access control, and intrusion detection protect sensitive information. Collaboration tools enable real-time document editing and sharing, fostering effective communication and knowledge transfer among teams. Subscription-based models offer affordability and ease of use, making productivity software accessible to businesses of all sizes. However, businesses must consider the deployment model, data collection, and data silos when choosing a productivity solution to ensure seamless integration and efficient workflows.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentCloudOn-premisesEnd-userLarge EnterpriseSMEsGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Great Place To Work names Invisors on the 2026 Best Workplaces for Women List, Ranking no.65

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Invisors named a UK’s Best Workplaces for Women™!

GLASGOW, Scotland, July 24, 2026 /PRNewswire/ — Invisors, a Workday Services Partner has officially been recognized as one of UK’s Best Workplaces for Women 2026™, in 65th place out of the 350 ranked organisations.

Invisors’ values and culture are among the reasons women at our organisation say it is a great place to work. Discover how the team brings this philosophy to life at invisors.com/company-overview.

The 2026 UK’s Best Workplaces for Women list is made up of employers whose people have told Great Place To Work® UK they work for a place that is inclusive and equitable for all. The 350 companies on the list are committed to ensuring a reasonable balance of women and men across the organisation; removing barriers to women’s career advancement; and creating workplaces where all employees, regardless of gender, can flourish.

“I’m incredibly proud to see Invisors recognized as a Top Place for Women to Work. This award reflects the culture we’ve built together—one that values inclusivity, flexibility and empowerment. It’s a place where people are supported to bring their whole selves to work, grow their careers and strive for excellence every day.” Jennifer Donnelly-Corbett, EMEA Manager, HCM and Absence at Invisors.

Benedict Gautrey, Managing Director of Great Place To Work UK says:

“This year’s UK’s Best Workplaces for Women list celebrates businesses making a genuine difference day to day, not just in what they say, but in how people experience work. What matters most is that this recognition comes directly from women working in these organisations, who tell us they feel supported, valued, and able to grow.

Our research demonstrates that these organisations creating high-trust environments deliver stronger results, whether in financial outcomes, impact, or service delivery, alongside greater agility and resilience in the face of change.

Congratulations to Invisors for creating an environment where inclusion is clearly felt in practice.” 

Matt Smith, Managing Director, Global HR Operations, Invisors “Being named as one of the UK’s Best Workplaces for Women list is an achievement because it reflects what our people actually experience, not just what we aspire to. We’ve worked to build an environment where career growth and success aren’t something women have to fight for — it’s built into how we operate. This recognition is a great step in the journey, not the finish line, and we’re committed to keeping that bar high as Invisors grows within the UK.”

About Invisors

As a certified Workday Services Partner, Invisors helps clients leverage their organisational data to make better-informed business decisions through the deployment of Workday. Invisors’ success is measured by their clients’ ability to achieve their big-picture vision. From initial deployments to ongoing projects, Invisors is dedicated to elevating perspectives and transforming results. To learn more, visit invisors.com

About Great Place To Work®

Great Place To Work® is the global authority on workplace culture, helping organisations to create exceptional, high-performing workplaces where employees feel trusted and valued. The UK’s Best Workplaces for Women™ enables these outstanding organisations to celebrate their achievements, build their employer brand, and inspire others to take action. For more information, visit www.greatplacetowork.co.uk.

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SOURCE Invisors

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Auction Direct USA in Raleigh, NC, Makes It Easy to Shop for Used Vehicles Online

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RALEIGH, N.C., July 24, 2026 /PRNewswire/ — Auction Direct USA in Raleigh, NC, helps shoppers browse used-vehicle inventory, compare options, and complete key steps of the buying process online for a faster, more convenient shopping experience.

Auction Direct USA in Raleigh, NC, is simplifying the used vehicle shopping experience by offering convenient online tools that help drivers browse inventory, compare options, and begin the purchasing process from the comfort of home.

With a user-friendly website, shoppers can explore an extensive selection of used cars, trucks, and SUVs that fit a variety of budgets and lifestyles. Detailed vehicle listings provide important information, including photos, key features, specifications, pricing, and availability, allowing customers to make informed decisions before visiting the dealership.

The online platform also makes it easy to narrow vehicle choices using search filters for make, model, body style, price range, mileage, model year, and other preferences. These features help shoppers quickly find vehicles that meet their individual needs while saving valuable time.

In addition to browsing inventory, customers can use several digital shopping tools to streamline the buying process. Visitors can estimate monthly payments, value a trade-in, complete a finance application, and schedule a test drive online. These resources allow shoppers to prepare for their dealership visit with greater confidence and convenience.

Auction Direct USA in Raleigh, NC, regularly updates its online inventory, giving customers access to fresh vehicle selections as they become available. Whether someone is searching for a dependable commuter car, a family-friendly SUV, or a capable pickup truck, the website provides an efficient way to explore available options before stepping into the showroom.

The dealership remains committed to delivering a straightforward, customer-focused buying experience by combining a wide range of high-quality used vehicles with digital tools that simplify every stage of the shopping journey.

Drivers looking to begin their search can visit Auction Direct USA in Raleigh, NC, or browse the current inventory online to compare vehicles and take advantage of convenient shopping resources before visiting the dealership in person.

About Auction Direct USA in Raleigh, NC

Auction Direct USA in Raleigh, NC, offers a diverse inventory of quality used cars, trucks, and SUVs to meet a wide range of driving needs and budgets. By combining a customer-focused approach with convenient online shopping tools, the dealership helps make finding and purchasing a used vehicle simple, efficient, and enjoyable.

Media Contact: Tony Kicinski, 844-678-8048, tonyk@auctiondirectusa.com

 

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SOURCE Auction Direct USA

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FLAGSTAR BANK, N.A. ANNOUNCES $250 MILLION SHARE REPURCHASE PROGRAM

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Board of Directors Authorizes Repurchase of Up to $250 Million of Outstanding Common Stock, Reflecting the Bank’s Strong Capital Position and Commitment to Long-Term Shareholder Value

HICKSVILLE, N.Y., July 24, 2026 /PRNewswire/ — Flagstar Bank, N.A. (NYSE: FLG) (the “Bank”) today announced that its Board of Directors has authorized a common stock repurchase program under which the Bank may repurchase up to $250 million of its outstanding common stock over the next 12-month period.

Commenting on the repurchase program, Joseph M. Otting, Executive Chairman and Chief Executive Officer stated, “We are pleased to announce our stock buyback program, which reflects the meaningful progress we have made in executing our strategic plan, the strength of the balance sheet, and Flagstar’s long-term growth prospects. We have consistently maintained capital levels well above regulatory requirements, and we believe that returning capital to our shareholders through a share repurchase program represents a compelling and disciplined use of our excess capital at this time.

“We remain deeply committed to serving our customers and communities and we are confident that this program — alongside our continued investment in our people, products, systems, and technology — will deliver sustainable, long-term value for our shareholders.”

Repurchases may be conducted through open-market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. The timing and exact amount of any share repurchases will be subject to a variety of factors, including the availability of stock for repurchases, the Bank’s capital position and financial performance, regulatory considerations, and general market conditions. The share repurchase program does not obligate the Bank to acquire any specific number of shares and may be modified, suspended, or discontinued at any time without prior notice. Any future stock repurchase programs would be subject to the approval of the Board of Directors and other various factors, including the Bank’s liquidity, capital position and financial performance, accounting and regulatory considerations, and general market conditions.

Flagstar Bank, N.A.

Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At June 30, 2026, the Bank had $87.7 billion of assets, $61.2 billion of loans, deposits of $67.5 billion, and total stockholders’ equity of $8.1 billion. Flagstar Bank, N.A. operates approximately 340 locations across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast.

Cautionary Statements Regarding Forward-Looking Language

This press release may include forward‐looking statements by us and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding, among other things: (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to achieve profitability goals within projected timeframes and to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to execute our capital management strategies, including our ability to complete our current stock repurchase program and to implement future stock repurchase programs; (g) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (h) our ability to achieve our financial and other strategic goals, including those related to our recent holding company reorganization, which was completed in October 2025 (the “Reorganization”), our merger with Flagstar Bancorp, Inc., which was completed in December 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023, and our ability to comply with the heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; (i) the impact of the $1.05 billion capital raise we completed in March 2024; (j) the conversion or exchange of shares of our preferred stock; (k) the payment of dividends on shares of our capital stock, including adjustments to the amount of dividends payable on shares of our preferred stock; (l) the dilution of existing equity holders associated with future equity awards and stock issuances; (m) the effects of the reverse stock split we effected in July 2024; and (n) the impact of the 2024 sale of our mortgage servicing operations, third party mortgage loan origination business, and mortgage warehouse business.

Forward‐looking statements are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “should,” “confident,” and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; we do not assume any duty, and do not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, and our future performance could differ materially from our historical results.

Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; the ability to implement future stock repurchase programs, which are subject to the approval of the Board of Directors and other various factors, including the Bank’s liquidity, capital position, and financial performance, accounting and regulatory considerations, as well as general market conditions; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; our ability to achieve the anticipated benefits of the Reorganization; changes in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; changes relating to rent regulation and housing, including recent legislative action in New York City to freeze rents on certain rent-regulated properties; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; the outcome of federal, state, and local elections and the resulting economic and other impact on the areas in which we conduct business; the impact of changing political conditions or federal government shutdowns; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; our ability to comply with heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; the restructuring of our mortgage business; our ability to achieve anticipated cost savings and enhanced efficiencies with respect to our balance sheet and expense reduction strategies; the impact of failures or disruptions in or breaches of our operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, civil unrest, international military conflict, terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed in December 2022, and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management’s attention from ongoing business operations and opportunities; the possibility that we may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected.

More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K for the year ended December 31, 2025, and in other reports we file with the Office of the Comptroller of the Currency (the “OCC”) and voluntarily file with the Securities and Exchange Commission (the “SEC”), and which are also available on our Investor Relations website. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our securities disclosure filings. All such files are accessible on our website at ir.flagstar.com, on the OCC’s website at www.occ.gov, and on the SEC’s website at www.sec.gov.

Investor Contact:
Salvatore J. DiMartino
(516) 683-4286

Media Contact:
Jessica Torchia
(248) 312-6451

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SOURCE Flagstar Bank, N.A.

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